© Johan Jarnestad/The Royal Swedish Academy of Sciences

Nobel Prize lessons – The role of banks in financial crises

Most people have some sort of contact with a bank several times a week. Maybe they pay for things with a credit card or a mobile payment app, or they have money saved in an account at the bank. The same is true for businesses. In times of economic crisis, there is a risk that banks go bankrupt, and that leads to major problems throughout the entire economic system. The work of this year’s economic sciences laureates has improved our understanding of banks, bank regulations and how financial crises should be managed. That has made it possible to manage recent financial crises better and to avoid the kind of deep and long-lasting depression we experienced in the 1930s.

This is a ready to use Nobel Prize lesson on the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022. The lesson is designed to take 45 minutes and includes a slideshow with a speaker’s manuscript, a video and a student assignment.

1. Show the slideshow (15 min)

Show the slides, using the speaker’s manuscript.

Slideshow (PDF 1,4 MB)

Speaker’s Manuscript (PDF 170 Kb)

2. Show the interview  (5 min)

3. Student assignment (15 min)

Let the students work with the assignment.

Student assignment (PDF 230 Kb)

4. Conclusion (10 min)

Summarise the work with the assignment and capture any questions from the students.

Press release for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022

Popular information for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022

A Swedish version of the lesson is available at nobelprizemuseum.se

More about the Nobel Prize and its founder in the lesson “Alfred Nobel and the Nobel Prize”


To cite this section
MLA style: Nobel Prize lessons – The role of banks in financial crises. NobelPrize.org. Nobel Prize Outreach AB 2023. Sun. 5 Feb 2023. <https://www.nobelprize.org/educational-nobel-prize-lessons-economic-sciences-2022/>